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PTC (Nasdaq: PMTC), The Product Development Company®, today announced that Seiko Epson Corporation ("Epson"), a leading global manufacturer of information-related equipment, electronic devices and precision products, has expanded the use of CoCreate® to the development of its large format printers (LFPs), including its newest models, the Epson Stylus Pro 9700 and 7700 high-speed, large-format, 4-color inkjet printers. CoCreate, PTC's explicit modeling 3D CAD, CAE and PDM software, is the world's first and most robust explicit modeling solution.

Having originally implemented CoCreate for design in its consumer inkjet printer division, Epson also now uses CoCreate to design and develop all its large-size enterprise printers. Using CoCreate across divisions allows for greater design flexibility and efficiency. Existing designs are quickly and easily modified to meet tight development schedules and bring products to market fast. Their product is well suited for the explicit modeling approach of CoCreate, allowing designers to directly modify model geometry, leading to significantly shorter development cycles, improved productivity and reduced costs. The new Epson Stylus Pro 9700/ 7700 printers were designed in just 12 weeks.

Epson uses CoCreate Model ManagerTM for product data management in team projects. Before implementing CoCreate Model Manager, each engineer stored his or her own design and part data, either locally or on a server, making it difficult for the team to know which versions were current. Now, current design data is shared with the entire product development team across all products, which virtually eliminates risk of error and significantly improves process efficiency.

"Creating and modifying our 3D CAD data with CoCreate provides us the flexibility and speed that is essential to the success of our daily product development process," said Kiyoto Komuro, director, Epson LFP Planning Design Department. "CoCreate is so easy to learn that new designers need very little formal training, enabling them to become productive very quickly. This flexibility vastly improves our speed. No doubt, CoCreate will play an increasingly important role in the design of unique products that must be brought to market quickly."

"To be successful in the fast-paced electronics and high tech industry, companies need to be able to deliver products to market in the shortest time frame possible without compromising quality. We are very happy to see PTC solutions being used for the development of the Epson printers," said Justin Teague, General Manager, CoCreate Business, PTC. "By using CoCreate, Epson has been able to increase the efficiency of its design team and significantly reduce the length of its design cycle, helping the company to achieve its objectives and improve its competitive advantage."

About Seiko Epson Corporation
Epson (global.epson.com) is a global imaging and innovation leader that is dedicated to exceeding the vision of customers worldwide through its compact, energy-saving, high-precision technologies, with a product lineup ranging from printers and 3LCD projectors for business and the home, to electronic and crystal devices.

Led by the Japan-based Seiko Epson Corporation, the Epson Group comprises over 70,000 employees in 106 companies around the world, and is proud of its ongoing contributions to the global environment and the communities in which it operates.

About PTC
PTC (ptc.com) provides discrete manufacturers with software and services to meet the globalization, time-to-market and operational efficiency objectives of product development. Using the company's PLM and CAD solutions, organizations in the Industrial, High-Tech, Aerospace and Defense, Automotive, Retail & Consumer and Medical industries are able to support key business objectives and create innovative products that meet customer needs and comply with industry regulations.

The announcement of any particular selection of PTC software is not necessarily indicative of the timing of recognition of revenue therefrom or the level of revenue for any particular period. In addition, in many cases PTC’s software must be successfully implemented and deployed to enable the customer to achieve its business objectives. The announcement of a customer’s selection of PTC software does not indicate that applicable implementation and deployment activities are complete.

PTC and its logo, The Product Development Company, CoCreate, CoCreate Modeling, CoCreate Model Manager and all PTC product names and logos are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and in other countries.

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